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Incorporating Financial Sector Risk Into Monetary Policy Models : Application to Chile

Author/Editor: Leonardo Luna, Dale F. Gray, Jorge Restrepo, Carlos Garcia.

Release Date:September, 2011

This paper builds a model of financial sector vulnerability and integrates it into a macroeconomic framework, typically used for monetary policy analysis. The main question to be answered with the more...



Price: $18.00
International Transmission of Bank and Corporate Distress

Author/Editor: Papa M'B. P. N'Diaye, Dale F. Gray, Natalia T. Tamirisa, Hiroko Oura, Qianying Chen.

Release Date:May, 2010

The paper evaluates how increases in banks’ and nonfinancial corporates’ default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and more...



Price: $18.00